How Much Juice Left for GALA?

You can clearly see a Bullish Ascending Triangle formed on the Daily chart
Price is perfectly rejecting 200 Daily EMA , and if it breaks above, ~$0.07 is a good target
If BTC consolidates/moves up, &/ there happens to be a good fundamental news for GALA , you can expect those red lines above to be hit
If BTC does a major correction/pullback, then expect this technical analysis to be invalidated

Happy Trading!
Not a Financial Advice.

Bình luận:

GALA closed Daily above 200 EMA, that's the first for almost a year (last time GALA did this was on April 3rd, 2022). Should BTC pump to $24,000 today, expect GALA pumps to the first target.

Bình luận:

GALA is now within $0.062-$0.073 resistance zone. As expected, first touch here was rejected earlier as this is a fresh zone since August 2022. The price will now consolidate in order to break higher and might show a couple more rejections at this level, and then finally breaking out. As long as GALA doesn't break below $0.04, this trend will continue, hopefully to our next target at $0.09 .

Bình luận:

GALA managed to stay above $0.04 which is around 50 Daily EMA. As long as it doesn't break, close, and fix below this key level, GALA can still move up especially if BTC does the same.